Fireblocks, Iagon enable institutional Cardano staking, governance

Fireblocks has integrated its RAW signing technology with Iagon’s enterprise Cardano nodes and Insights API, giving approved institutional customers the ability to custody ADA, construct and sign custom Cardano transactions, stake ADA with pools, manage Cardano native tokens and participate in on-chain governance while private keys remain inside Fireblocks’ multi-party computation (MPC) system.

The integration connects Fireblocks’ RAW signing, which lets clients build and sign custom transactions rather than rely on pre-built templates, with Iagon’s Cardano-specific node infrastructure and Insights API. Approved customers can perform native staking operations, delegate ADA to stake pools, cast votes on governance proposals and handle Cardano Native Tokens from within Fireblocks’ custody environment.

Fireblocks introduced basic ADA custody and transfers in August 2021. The new integration adds staking and governance functions that previously required separate workflows or custom engineering. Only customers approved by Fireblocks will have access to the combined offering.

Fireblocks describes its MPC custody as keeping private keys secured and providing zero counterparty risk while combining self-custody features with Fireblocks Trust, the company’s qualified custody arm overseen by the New York Department of Financial Services.

Iagon supplies the Cardano node infrastructure and the Insights API that provide network access and transaction data to the integrated pipeline. Iagon operates decentralized storage and enterprise node services; its node and API business supported the Fireblocks partnership.

In March 2026 Iagon took a $1.5 million loan denominated in ADA using 54 million IAG tokens as collateral to fund ecosystem infrastructure development. Iagon’s chief executive disclosed abstaining from certain votes related to the integration because of potential conflicts of interest. Community members have raised questions about whether expanded institutional access could concentrate stake or voting power in parts of the Cardano network.

The combined offering lets firms delegate ADA without running validator hardware and manage Cardano Native Tokens through a custody platform. Firms that already use Fireblocks for other assets can now access staking and governance tools without building their own Cardano node or signing infrastructure.

Risks tied to the integration include the loan that used IAG tokens as collateral, which creates exposure to IAG token price moves. Wider institutional adoption of single custody and node providers could prompt scrutiny over concentration of stake and vote power if many clients route activity through a limited set of node services.

The product is available to approved institutional customers under Fireblocks’ compliance framework and Fireblocks Trust oversight. The integration pairs Fireblocks’ RAW signing and MPC custody with Iagon’s node infrastructure and Insights API to deliver an end-to-end institutional workflow for Cardano custody, staking and governance.